Our Atomic Swap Wallet has been released -
swap.altcoin.io. With this alpha release available, our hope is to bring atomic swaps to the masses and show how this technology has the potential to change cryptocurrency trading forever.
You can read more here:
https://blog.altcoin.io/worlds-first-atomic-swap-wallet-from-altcoin-io-released-6f1cfc52d1ccWhile there is still a lot of work to be done, we wanted you to experience the power of Atomic Swaps as soon as possible.
Some quick FAQs:- Our beta Atomic Swap wallet is only to be used with testnet
- This means that only you can not trade real tokens yet and that this release is for testing purposes. We’d like to ensure the security of this release before allowing real tokens to be atomically swapped.
- Only Ethereum and Bitcoin can be swapped for now
- Step-by-step instructions on how to use the wallet are below
- You will always be fully in control of your tokens
- Bug bounty available (please contact us at
support@altcoin.io)
- We are not conducting an ICO for this project
What improvements are coming before the end of the year?- A decentralized order matching engine
- An option to list many different tokens
- User experience improvements iterations
- Ability to trade directly from within your existing wallet
- Mainnet version launch after security audit is completed
How does the Atomic Swap wallet work?
To trade using our Atomic Swap Wallet, follow these instructions:
The first party:
1. Deposit testnet coins by clicking “Wallet” at the top
2. (Make sure to add both ETH and BTC)
3. Choose what to exchange (e.g. BTC for ETH)
4. Enter amount of currency for exchanging (eg. 0.12 BTC)
5. System “tells” you how much ETCs you’ll get (2 ETH)
6. Click “Submit”
7. You share that link to second party
The second party:
1. Receives link from you (sent via chat, email, etc.)
2. System “tells” him that he will give 2 ETH and receive 0.12 BTC
3. He agrees by clicking on “I agree” button
4. System checks “Wallet” to see if funds are available for exchange
5. Atomic Swap is initiated and completed